Corporate & Financial Weekly Digest

Corporate & Financial Weekly Digest

Tag Archives: ECON

ECON Votes To Adopt Draft Reports on Cross-Border Distribution of Collective Investment Funds

Posted in EU Developments, Financial Markets
On December 4, the European Parliament’s Economic and Monetary Affairs Committee (ECON) published a press release announcing that it has voted to adopt draft reports on the European Commission’s legislative proposals for a Regulation and a Directive on the cross-border distribution of collective investment funds. ECON initially published the draft reports in September 2018 (for… Continue Reading

ECON Votes to Adopt Draft Reports on Revised EU Prudential Framework for Investment Firms

Posted in EU Developments, Financial Markets
On September 24, the European Parliament published a press release announcing that its Committee on Economic and Monetary Affairs (ECON) voted to adopt its draft reports on the European Commission’s proposals for a regulation on the prudential supervision of investment firms (Investment Firms Regulation (IFR)), and a directive on the prudential supervision of investment firms… Continue Reading

ECON Publishes Draft Reports on Legislative Proposals for Cross-Border Distribution of Collective Investment Funds

Posted in EU Developments, Financial Markets
On September 21, the European Parliament’s Economic and Monetary Affairs Committee (ECON) published the following draft reports, both dated September 18: a draft report on the proposal for a directive on the cross-border distribution of collective investment funds; and a draft report on the proposal for a regulation on facilitating cross-border distribution of collective investment… Continue Reading

ECON Supports Greater Input on Equivalence of EU/Third-Country Rules by European Parliament

Posted in EU Developments, Financial Markets
On July 11, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) published a press release announcing that ECON has adopted a draft report on relationships between the EU and third countries concerning financial services regulation and supervision.… Continue Reading

ECON Publishes Report on EMIR 2.2

Posted in EU Developments, Financial Markets
On May 25, the European Parliament’s Economic and Monetary Affairs Committee (ECON) published a report on the proposal for a regulation amending the European Securities and Markets Authority (ESMA) Regulation, and the European Market Infrastructure Regulation (EMIR) in relation to the authorization of central counterparties (CCPs) and recognition of third-country CCPs (EMIR 2.2).… Continue Reading

ECON-AFCO Publish Draft Report on Granting ECB Power to Compel CCPs to Locate in the Eurozone

Posted in Brexit, EU Developments, Financial Markets
On April 19 the European Parliament’s Economic and Monetary Affairs Committee (ECON) and Committee on Constitutional Affairs (AFCO) published a draft report (dated April 13) concerning a proposal for an amendment of the Statute of the European System of Central Banks and the European Central Bank (ECB) (the Statute), enhancing the ECB’s powers over central… Continue Reading

ECON Publishes Proposed Amendments to Prudential Supervision of Investment Firms Directive

Posted in EU Developments, Financial Markets
On April 13, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) published a draft report, featuring the European Parliament legislative resolution with ECON’s amendments to a proposal regarding the prudential supervision of EU investment firms. This amends the Capital Requirements Directive IV and the revised Markets in Financial Instruments Directive (MiFID II) (collectively,… Continue Reading

ECON Adopts Draft Report on Virtual Currencies

Posted in EU Developments
On April 26, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) confirmed it voted in favor of a proposal contained in a draft report (Report) to create a virtual currencies taskforce. The taskforce would be created to (1) build expertise in the technology of virtual currencies (such as Bitcoin), and (2) where appropriate,… Continue Reading

ECON Votes in Favor of Legislative Proposals To Delay MiFID II

Posted in EU Developments
On April 7, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) voted to adopt the European Commission’s legislative proposals to delay the application date of the amended and restated Markets in Financial Instruments Directive (MiFID II) and Markets in Financial Instruments Regulation (MiFIR), from January 3, 2017 to January 3, 2018.… Continue Reading